VAN BUREN TOWNSHIP, Mich. (AP) — VAN BUREN TOWNSHIP, Mich. (AP) — Visteon Corp. (VC) on Thursday reported fourth-quarter net income of $74 million.
On a per-share basis, the Van Buren Township, Michigan-based company said it had net income of $2.67. Earnings, adjusted for one-time gains and costs, were $2.96 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.08 per share.
The auto parts supplier posted revenue of $948 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $930.6 million.
For the year, the company reported profit of $201 million, or $7.28 per share. Revenue was reported as $3.77 billion.
Visteon expects full-year revenue in the range of $3.63 billion to $3.83 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VC at https://www.zacks.com/ap/VC
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